The Real Deal: “Rent stabilization could be strengthened today”

Legislative negotiators have the framework to put a new rent stabilization agreement in place, and a law could be enacted as soon as today, according to the New York Post. The pending current agreement raises the threshold at which rents can be decontrolled to $2,500 per month, from the $2,000 threshold in place for the last eight years. Moreover, the maximum annual income for tenants in regulated units will rise to $200,000 from $175,000.

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